INDONESIA HOME FURNITURE MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024)

The Indonesia Home Furniture Market is segmented by Type and Distribution Channel.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

CAGR:

The Indonesia home furniture market is growing with a CAGR of 3.5% in the forecast period.

Key Players:

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Market Overview

The Indonesian home furniture market is expected to register a CAGR of 3.5% during the forecast period. Indonesia has long been known as one of the world's leading furniture manufacturers. Its teak and rattan products are sought after in both the local and international markets.

  • However, despite its natural competitive advantages, in terms of raw materials, various bureaucratic hurdles have hampered the growth of the furniture sector. Indonesia is presently ranked fourth in ASEAN, in terms of export value, despite its extensive timber resources.
  • Indonesia’s furniture industry has been designated as a priority sector for the country, due to it being a labor-intensive industry. In addition, the sector has the scope for significant added value and a multiplier effect on the economy, as it is able to generate 500,000 new jobs for each USD 1 billion investment.
  • The traditional markets for Indonesia's furniture products are the United States, Europe, and China. In recent years, the furniture industry has begun to tap into markets, such as Africa, the Middle East, and Eastern Europe.

Scope of the Report

A complete background analysis of the Indonesian home furniture market, which includes an assessment of the parental market, emerging trends by segments and regional markets, and significant changes in market dynamics and market overview, is covered in the report.

By Type
Kitchen Furniture
Living-room and Dining-room Furniture
Bedroom Furniture
Other Furniture
By Distribution Channel
Offline
Online

Report scope can be customized per your requirements. Click here.

Key Market Trends

Indonesia Furniture Exports

Indonesia’s exports of furniture exceeded USD 1.7 billion in 2017. The United States was the top market, accounting for 40% of the export value. Japan, the Netherlands, Germany, and the United Kingdom were the other top importers, together accounting for about 23% of the sector’s overseas sales.

Shipments of wooden furniture and seats with wooden frames generated nearly USD 1.3 billion of the export value.

One of the factors that make Indonesia a major furniture exporter is the variety of materials available in the country. Teak, mahogany, and rattan are the primary materials used to manufacture furniture.

The government also introduced several initiatives to support the sector. The existing ban on the export of raw rattan to ensure adequate supply for the local industries is one the initiatives introduced by the Indonesian government.

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To understand key trends, Download Sample Report

Bedroom Furniture

The furniture included in this market segment range from beds with mattresses of different shapes and sizes, to clothes closets, nightstands, and dressers.

  • Revenue in the bedroom furniture segment was valued at USD 3.9 billion in 2015.
  • Globally, most of the revenue in this segment was generated from the United States in 2015.

 

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Competitive Landscape

The report covers major international players operating in the Indonesian home furniture market. In terms of market share, some of the major players currently dominate the market. However, demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service.

Major Players

  1. Fabelio
  2. VIVERE Group
  3. Lio Collection
  4. Informa Furnishings
  5. Chitose Internasional

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Trends Influencing the Indonesian Home Furniture Market

    6. 4.6 Value Chain Analysis of the Indonesian Home Furniture Market

    7. 4.7 Millennials and the Housing Market

    8. 4.8 Porter's Five Forces Analysis

    9. 4.9 E-commerce Impact on the Market

    10. 4.10 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living-room and Dining-room Furniture

      3. 5.1.3 Bedroom Furniture

      4. 5.1.4 Other Furniture

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offline

      2. 5.2.2 Online

  6. 6. COMPANY PROFILES

    1. 6.1 Republic Furniture Jepara

    2. 6.2 Wisanka Indonesia

    3. 6.3 VIVERE Group

    4. 6.4 Raisa House Of Excellence

    5. 6.5 Lio Collection

    6. 6.6 Gema Grahasarana Tbk

    7. 6.7 Chitose Internasional

    8. 6.8 Integra Indocabinet

    9. 6.9 Kalingga jati

    10. 6.10 Wahana Kayu

    11. 6.11 Informa Furnishings

    12. 6.12 Fabelio Indonesia

    13. 6.13 IKEA*

  7. *List Not Exhaustive
  8. 7. INVESTMENT ANALYSIS ON THE INDONESIAN HOME FURNITURE MARKET

  9. 8. FUTURE OF THE INDONESIAN HOME FURNITURE MARKET

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